Commonwealth Equity Services LLC Trims Stock Position in F5, Inc. (NASDAQ:FFIV)

Commonwealth Equity Services LLC decreased its position in F5, Inc. (NASDAQ:FFIV) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,835 shares of the network technology company’s stock after selling 1,348 shares during the period. Commonwealth Equity Services LLC’s holdings in F5 were worth $9,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Friedenthal Financial purchased a new position in F5 during the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC boosted its stake in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares in the last quarter. Smithfield Trust Co purchased a new position in F5 during the fourth quarter valued at approximately $57,000. Global Retirement Partners LLC raised its stake in F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after buying an additional 282 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in F5 in the third quarter worth approximately $84,000. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Piper Sandler lifted their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI increased their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and a consensus target price of $295.00.

Insider Activity at F5

In related news, EVP Chad Michael Whalen sold 4,093 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the sale, the executive vice president now owns 27,264 shares in the company, valued at $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock valued at $4,965,150 in the last ninety days. Company insiders own 0.52% of the company’s stock.

F5 Trading Up 2.0 %

Shares of F5 stock opened at $270.21 on Thursday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm’s 50 day simple moving average is $283.39 and its two-hundred day simple moving average is $251.29. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 3.85 and a beta of 1.10.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.